Lighthouse Bank [Ca] (LGHT) 11.0000 $LGHT
Lighthouse Bank's Strong Performance Continues
PR Newswire - Fri Jan 17, 2:01PM CST
Locally owned Lighthouse Bank (OTCBB: LGHT) today released unaudited financial results for the 4th quarter-ended December 31, 2013. The Bank posted a $590 thousand profit for the period, representing the 18th successive quarter of profitable operations for the six-year-old Bank. Profit for the fiscal year ended December 31, 2013 was a record $2.3 million and represented a 26% increase in earnings compared to the same period-ended December 31, 2012. For the 12-month period, shareholders' equity increased by 10% to $22.9 million. The Bank experienced solid growth in loans, up 5% from December 31, 2012. Deposits decreased 9% year-over-year, due largely to the departure of a single multimillion dollar short-term account during the 1st quarter of 2013. Overall positive performance continued to be driven by the Bank's control of overhead expenses and growth in the loan portfolio.
Lighthouse Bank Continues Streak Of Record Earnings
PR Newswire - Fri Jul 19, 3:00PM CDT
Locally owned Lighthouse Bank (OTC Bulletin Board: LGHT) today released unaudited financial results for the 2nd quarter ended June 30, 2013. The Bank posted a $560 thousand profit for the period, representing the 16th successive quarter of profitable operations and record quarterly earnings for the five-year old bank. Lighthouse Bank has posted consecutive record earnings for each of the past 14 quarters. For the period, earnings surpassed the record set for the quarter ended March 31, 2013, and represented a 26% increase in earnings compared to the same period ended June 30, 2012. Shareholders' equity increased by $451 thousand to $21.6 million during the 2nd quarter of 2013. The Bank experienced solid growth in loans, up 11% from June 30, 2012. Deposits decreased 2% year-over-year, due to the departure of a single multimillion dollar short-term account during the 1st quarter of 2013. Overall positive performance continued to be driven by the Bank's control of overhead expenses and growth in the loan portfolio.
Lighthouse Bank Declares 5% Stock Dividend
PR Newswire - Fri Feb 08, 3:00PM CST
Lighthouse Bank (OTC Bulletin Board: LGHT), Santa Cruz County's locally owned community Bank, announced today that it has declared a 5% stock dividend on the Bank's common shares outstanding. This represents the second stock dividend issued by the five-year-old bank, following a 10% stock dividend granted in 2011. According to Wedbush Securities, Lighthouse Bank's 2011 stock dividend was the first to be granted by a Northern or Central California Bank since the onset of the financial crisis in 2008.
Lighthouse Bank's Performance Continues to Shine
PR Newswire - Fri Jan 18, 12:10PM CST
Locally owned Lighthouse Bank (OTC Bulletin Board: LGHT) today released unaudited financial results for the 4th quarter-ended December 31, 2012. The Bank posted a $509 thousand profit for the period, representing the 14th successive quarter of profitable operations and record quarterly earnings for the five-year-old Bank. Profit for the fiscal year ended December 31, 2012 was a record $1.8 million and represented a 29% increase in earnings compared to the same period-ended December 31, 2011. For the 12-month period, shareholders' equity increased by 11% to $20.8 million, while total assets increased by 18% to $168.8 million. At 12-31-12, the Bank's equity capital was in excess of the Regulatory Definitions for "well capitalized" distinction. The Bank continued to experience significant growth in both loans and deposits which year over year increased by $11.8 million and $23.2 million, respectively. Contributing positive performance factors included the Bank's ability to control overhead expense and su
Lighthouse Bank's Strong Performance Continues
PR Newswire - Fri Jan 17, 2:01PM CST
Locally owned Lighthouse Bank (OTCBB: LGHT) today released unaudited financial results for the 4th quarter-ended December 31, 2013. The Bank posted a $590 thousand profit for the period, representing the 18th successive quarter of profitable operations for the six-year-old Bank. Profit for the fiscal year ended December 31, 2013 was a record $2.3 million and represented a 26% increase in earnings compared to the same period-ended December 31, 2012. For the 12-month period, shareholders' equity increased by 10% to $22.9 million. The Bank experienced solid growth in loans, up 5% from December 31, 2012. Deposits decreased 9% year-over-year, due largely to the departure of a single multimillion dollar short-term account during the 1st quarter of 2013. Overall positive performance continued to be driven by the Bank's control of overhead expenses and growth in the loan portfolio.
Lighthouse Bank Continues Streak Of Record Earnings
PR Newswire - Fri Jul 19, 3:00PM CDT
Locally owned Lighthouse Bank (OTC Bulletin Board: LGHT) today released unaudited financial results for the 2nd quarter ended June 30, 2013. The Bank posted a $560 thousand profit for the period, representing the 16th successive quarter of profitable operations and record quarterly earnings for the five-year old bank. Lighthouse Bank has posted consecutive record earnings for each of the past 14 quarters. For the period, earnings surpassed the record set for the quarter ended March 31, 2013, and represented a 26% increase in earnings compared to the same period ended June 30, 2012. Shareholders' equity increased by $451 thousand to $21.6 million during the 2nd quarter of 2013. The Bank experienced solid growth in loans, up 11% from June 30, 2012. Deposits decreased 2% year-over-year, due to the departure of a single multimillion dollar short-term account during the 1st quarter of 2013. Overall positive performance continued to be driven by the Bank's control of overhead expenses and growth in the loan portfolio.
Lighthouse Bank Declares 5% Stock Dividend
PR Newswire - Fri Feb 08, 3:00PM CST
Lighthouse Bank (OTC Bulletin Board: LGHT), Santa Cruz County's locally owned community Bank, announced today that it has declared a 5% stock dividend on the Bank's common shares outstanding. This represents the second stock dividend issued by the five-year-old bank, following a 10% stock dividend granted in 2011. According to Wedbush Securities, Lighthouse Bank's 2011 stock dividend was the first to be granted by a Northern or Central California Bank since the onset of the financial crisis in 2008.
Lighthouse Bank's Performance Continues to Shine
PR Newswire - Fri Jan 18, 12:10PM CST
Locally owned Lighthouse Bank (OTC Bulletin Board: LGHT) today released unaudited financial results for the 4th quarter-ended December 31, 2012. The Bank posted a $509 thousand profit for the period, representing the 14th successive quarter of profitable operations and record quarterly earnings for the five-year-old Bank. Profit for the fiscal year ended December 31, 2012 was a record $1.8 million and represented a 29% increase in earnings compared to the same period-ended December 31, 2011. For the 12-month period, shareholders' equity increased by 11% to $20.8 million, while total assets increased by 18% to $168.8 million. At 12-31-12, the Bank's equity capital was in excess of the Regulatory Definitions for "well capitalized" distinction. The Bank continued to experience significant growth in both loans and deposits which year over year increased by $11.8 million and $23.2 million, respectively. Contributing positive performance factors included the Bank's ability to control overhead expense and su
